Marathon Petroleum Corporation (MPC) vs Phillips 66 (PSX)
MPC leads on 11 of 17 compared metrics.
A side-by-side comparison of Marathon Petroleum Corporation and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — MPC vs PSX
growth of $100 · last 14yMPC +1162.4%PSX +427.8%MPC compounded faster
MPC PSX
MPC vs PSX: by the numbers
- •MPC is the larger company ($76.95B vs $71.95B market cap).
- •MPC trades at the lower earnings multiple (17.19 vs 17.68 P/E).
- •MPC converts more revenue to profit (3.41% vs 3.04% net margin).
- •PSX grew revenue faster over the past five years (15.79% vs 14.07% CAGR).
- •PSX pays the higher dividend yield (2.75% vs 1.48%).
Which is better, MPC or PSX?
Metric tally: MPC 11 · PSX 6It depends on what you're optimizing for:
ValueMPC(lower P/E)
GrowthPSX(faster 5Y revenue CAGR)
IncomePSX(higher dividend yield)
QualityMPC(higher ROIC)
Valuation
| Metric | MPC | PSX |
|---|---|---|
| P/E ratio | 17.19● | 17.68 |
| Forward P/E | 11.24 | 10.53● |
| P/S ratio | 0.57 | 0.53● |
| P/B ratio | 4.64 | 2.54● |
| PEG ratio | 0.39 | 0.10● |
| EV / EBITDA | 8.87● | 10.27 |
| FCF yield | 7.33%● | 0.16% |
Profitability
| Metric | MPC | PSX |
|---|---|---|
| Gross margin | 8.80%● | 7.04% |
| Operating margin | 5.02%● | 4.67% |
| Net margin | 3.41%● | 3.04% |
| ROE | 27.65%● | 14.45% |
| ROIC | 7.03%● | 4.75% |
Dividends
| Metric | MPC | PSX |
|---|---|---|
| Dividend yield | 1.48% | 2.75%● |
| Payout ratio | 29.46% | 45.57% |
Growth (annualized)
| Metric | MPC | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 14.07% | 15.79%● |
| EPS CAGR (5Y) | 22.12%● | 8.08% |
| FCF CAGR (5Y) | 30.60%● | -16.26% |
| Total return CAGR (5Y) | 36.26%● | 18.98% |
Frequently asked
- Which is better, MPC or PSX?
- It depends on your goal. value: MPC (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: PSX (higher dividend yield); quality: MPC (higher ROIC). Across all compared metrics, MPC leads 11 to 6.
- Is MPC or PSX cheaper?
- On trailing earnings, MPC is cheaper: MPC trades at a 17.19 P/E and PSX at 17.68.
- Which has grown faster, MPC or PSX?
- Over the past five years, PSX grew revenue faster — MPC at a 14.07% CAGR versus PSX at 15.79%.
- Does MPC or PSX pay a bigger dividend?
- MPC yields 1.48% and PSX yields 2.75% based on trailing dividends and the latest price.
- Is MPC or PSX more profitable?
- MPC runs the higher net margin — MPC at 3.41% versus PSX at 3.04%.
- Which has been the better investment, MPC or PSX?
- Over the past 10-year, MPC delivered the higher annualized total return — MPC at 25.67% versus PSX at 12.55%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Marathon Petroleum P/E ratioPhillips 66 P/E ratioMarathon Petroleum dividend yieldPhillips 66 dividend yieldMarathon Petroleum ROEPhillips 66 ROEMarathon Petroleum operating marginPhillips 66 operating marginMarathon Petroleum revenue growthPhillips 66 revenue growthMarathon Petroleum free cash flowPhillips 66 free cash flow
Marathon Petroleum & Phillips 66 appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.